We reached another milestone in 2021, on receiving the Life Insurance Company of the Year Award at the renowned Quantic Business Media BFSI Excellence Awards.
As a tribute to our contribution in the Life Insurance domain, we have been recognized as the Asia’s Best Insurance Company for CSR Activity & Digital Sales Channel at the Insurance Alerts Awards 2020.
For us, protection is more than insurance. That is why we launched a campaign to educate the consumers about the importance of organ donation. Our efforts led us to set a Guinness World record for securing the maximum number of organ donation pledges in 24 hours.
Continuing our journey of product innovation & customer centricity led us to creating Edelweiss Tokio Life Zindagi Plus in August 2018. The highlight of this product was the introduction of an industry-first revolutionary feature – the Better Half Benefit. With this, consumers could get a life cover for their spouse for increased protection for the family.
Our dedication to design new products to suit the evolving needs of our customers led us to disrupt the industry by creating Edelweiss Tokio Life Wealth Ultima - our new age low cost ULIP. We were awarded the Best Product Innovation Award at the Indian Insurance Awards for our efforts and drive.
Starting from being the Rising Star Insurer, in just 3 years we were rewarded as ‘Best Life Insurer’ at the Outlook Money Awards. Along with this, we also became the proud insurers for the Indian Olympics Team.
As we strived to walk the path of achieving continuous excellence, we partnered with India’s Badminton Champion Saina Nehwal - a symbol of hard work and emerging victorious.
We launched the first online term plan - Edelweiss Tokio Life My Life+, which offered a long life cover of 80 years. It was designed to meet the needs and convenience of our new age customers and bring them the ease of online insurance purchase.
We gained recognition for our efforts at Indian Insurance Awards, where we were bestowed the Rising Star Insurer Award. This honor is given to acknowledge a stand-out young insurer, already showing signs of becoming a major force to reckon with, in the years ahead.
Built on the belief ‘Insurance se badhkar hai aapki zaroorat’, Vijaypath made a splash upon introduction. Due to the mis-selling in the industry back then, this industry-first approach was a welcome launch as it showed consumers that we spend more time doing need analysis to suggest products that match their needs.
A joint venture between Edelweiss Financial Services Limited - one of India’s leading and diversified financial services companies and Tokio Marine Holdings Inc - one of the oldest (around 140 years) and largest insurance companies in Japan, led to the beginning of Edelweiss Tokio Life Insurance Company Limited.
Our main aim is to provide quality above all else. This extends to all spheres of our service - quality of our interaction, quality of our advice, quality of our products and quality of our post-purchase service.
We believe everyone should be able to get a safety net to protect their future. That is why we put our efforts into managing our operations and our people in a cost-effective manner.
We wish to bring effective solutions for our customers. Thus, we always look at every product, every service point and every innovation through our customer’s perspective. We believe this reflects in our advisory process, products, customer service and claims process.
No. of Agents & Branches as on 30th April 2022
Whatever your dreams be, we are prepared with a solution
We prioritize your goals and needs and strive to fulfil them.
We believe in doing whatever we can for the betterment of our society.
In 3 years we grew from being awarded The Rising Star Insurer to Best Life Insurer. We were also the proud insurers of the Indian Olympic Team.
It is our effort to be close to you through 4,000 points of contact.
Our Money Market Fund and Bond Fund have a 5-Star rating on morningstar.com
Asia's Best Insurance Company Award for CSR Activity & Digital Sales Channel^¹
Life Insurance Company of the Year 2021^²
Best Customer Experience & Contact Center Management - Life Insurance 2021^³
Market-linked Returns with Guaranteed¹ Lumpsum Option!
Capital Guarantee: Assurance¹ Amidst Market Fluctuations
Savings that’s Simple Bhi, Guaranteed¹ Bhi!
Future Guaranteed¹ Income, now possible!
Savings Ke Liye Effective Solution!
Savings, Insurance & Benefits for Child - All in One
The plan that systematically helps you grow your wealth and also protects you
A Gains-Full Zindagi Awaits!
Get Guaranteed¹ Returns & Life Cover In One Plan!
Income Assured. Promises Secured with Regular Guaranteed¹ Income!
Regular Income Jo Mile, Har Haal Saalon Saal!¹
Get A Life Cover For Two^
The Simple Way Of Protecting You And Your Family
Everything you and your family need around financial protection in one plan!
Live Zindagi Unlimited With A Second Income
With You Through Critical Illness!
Market-linked Returns with Guaranteed¹ Lumpsum Option!
Capital Guarantee: Assurance¹ Amidst Market Fluctuations
Savings that’s Simple Bhi, Guaranteed¹ Bhi!
Future Guaranteed¹ Income, now possible!
Savings Ke Liye Effective Solution!
Savings, Insurance & Benefits for Child - All in One
The plan that systematically helps you grow your wealth and also protects you
A Gains-Full Zindagi Awaits!
Get Guaranteed¹ Returns & Life Cover In One Plan!
Income Assured. Promises Secured with Regular Guaranteed¹ Income!
Regular Income Jo Mile, Har Haal Saalon Saal!¹
Get A Life Cover For Two^
The Simple Way Of Protecting You And Your Family
Everything you and your family need around financial protection in one plan!
Live Zindagi Unlimited With A Second Income
With You Through Critical Illness!
Total Protection^ for Your Family’s Future
Get A Life Cover For Two^
The Simple Way Of Protecting You And Your Family
Total Protection^ for Your Family’s Future
Get A Life Cover For Two^
The Simple Way Of Protecting You And Your Family
Savings Ke Liye Effective Solution!
Ultimately, it’s All About Fulfilling Your Goals
A Gains-Full Zindagi Awaits!
Savings, Insurance & Benefits for Child - All in One
Savings Ke Liye Effective Solution!
Ultimately, it’s All About Fulfilling Your Goals
A Gains-Full Zindagi Awaits!
Savings, Insurance & Benefits for Child - All in One
With You Through Critical Illness!
With You Through Critical Illness!
Thanks, all queries resolved in one call to satisfaction. I am rating the services as 10.
Very helpful during call thanks to Ms Ayesha A customer care executive
He was very much clear about the issue and the importance of it.. Thanks rohit
Your customer support is doing excellent job.keep up the good work.
The Customer Care Executive - Ms Afreen Sheikh was very prompt in resolving my query!!
Sumit Rai is currently the MD & CEO of Edelweiss Tokio Life Insurance. Setting the strategic direction for the company, Sumit has nurtured a strong leadership team to build a multi-channel distribution network and a robust portfolio of offerings for its customers. A charismatic leader with an experience spanning over two and a half decades, he has mentored several cross-functional teams to enhance the organizational value and growth during his tenure so far.
Under Sumit’s leadership, Edelweiss Tokio Life has earned several industry recognitions, bolstered by the key mantras of customer centricity and innovation. Driven by his consistent belief in delivering value for every aspect of the business, the company has achieved rapid business growth, introduced exciting products and service innovations, and truly delivered on its promise of making #ZindagiUnlimited for its customers and employees. Before taking charge as the MD & CEO, Sumit served as the company’s Chief Distribution Officer for a brief period.
Previously, as a founder team member at Max Life, Sumit played a key role with the team that created one of India’s largest life insurance companies and handled multiple roles in distribution and strategy, including running and strengthening India’s largest non-captive, commercial bancassurance partnership.
He was also associated with Bank of America, and ABN Amro Bank in the past, wherein he was instrumental in strategizing and implementing various strategic initiatives for the respective companies.
Subhrajit Mukhopadhyay is currently the Executive Director of Edelweiss Tokio Life Insurance. A strategic thinker with an eye for innovation, Subhrajit has played an important role in the company’s growth story. With a laser’s focus on upholding regulatory compliance as well as corporate governance, he has contributed to building a healthy foundation for the business.
In his previous role as the Chief & Appointed Actuary of the company, Subhrajit built robustness in the actuarial function and created a product innovation benchmark for the industry. With an interest in diverse subjects ranging from risk management to product management, he is passionate about the evolving digital space, analyzing customer behaviour and leading a high-performing team.
An industry veteran, Subhrajit has spent over 2.5 decades fulfilling various roles at companies like LIC and Exide Life Insurance.
Subhrajit is a qualified actuary and a Fellow of Institute of Actuaries of India.
Anup Seth is currently the Chief Distribution Officer and Chief Diversity & Inclusion Officer of Edelweiss Tokio Life Insurance.
As the Sales Chief of the company, Anup has been instrumental in expanding the distribution capabilities and building its multi-channel network. With an objective to be customer-centric, Anup has focused on building processes that inspire his team to educate customers on need for life insurance and sell need-based solutions. Anup aspires to keep the company ahead of the curve by constantly exploring the evolving ecosystem and changing customer behavior.
He also leads the strategy for Diversity & Inclusion as the company’s first Chief D&I Officer. He aspires to create a vibrant workplace culture that honors and nurtures diversity within the company and makes way for innovation. Along with a council of members, Anup is working towards redefining People Policies that can support work-life balance for employees.
An alum of IIM Kolkata, he has worked with companies like HDFC Life Insurance, Future Generali Life Insurance and Reliance Nippon Life Insurance.
Vikas Bansal is currently the Chief Human Resource Officer of Edelweiss Tokio Life Insurance. He aspires to help the Edelweiss Tokio Life family discover its Edge and create a personalized roadmap for employees to cultivate that Edge during their tenure at the company. Under his guidance, his team oversees a broad range of functions including talent development, recruiting, employee relations and experience. With a singular objective of building an inclusive and progressive workplace, Vikas has an undaunting focus on creating a vibrant, equitable, and socially conscious workforce.
During his tenure at Edelweiss Tokio Life, Vikas has led the transformation of HR into a strategic partner to the business and been instrumental in building a strong talent pool through various leadership development initiatives.
A veteran with an experience spanning nearly 20 years, Vikas has helped shaped the HR strategy for companies like Hindustan Unilever Ltd., Dr. Reddy’s Labs, and Hero Honda.
Abhishek Gupta is currently the Chief Marketing Officer of Edelweiss Tokio Life Insurance. As the chief brand champion, Abhishek manages the reputation of the company by promoting its diverse and innovative range of product offerings and services. Leveraging the power of storytelling and creativity, Abhishek aspires to deliver inclusive and strategic communications that can make the brand stand out as a new-age life insurer. Helming a team of ambitious and creative minds, Abhishek has been harnessing company’s product innovations and superior customer experience to set advertising benchmarks in the industry. He also leads the Customer Experience strategies for the company and strives to build a differentiated brand experience that can foster customer trust and advocacy.
Abhishek has been with Edelweiss Group for 7 years. With an experience spanning 22 years, he has worked with brands across several sectors over the years – The Mobile Store (Essar Group), Bharti Retail, Spencer Retail, ICICI Bank and Shopper’s Stop.
An engineer with a post-graduation degree in marketing, Abhishek has been recognized as one of the ‘25 Most Outstanding Marketing Professional of India at World Brand Congress 2014’, ‘Most Influential Marketing Leaders 2017’, and ‘Global Marketing Leaders 2019’ at World Marketing Congress. He regularly speaks at industry forums and serves as Guest Faculty at reputed management institutes in India.
Kayzad Hiramanek is currently the Chief Operating Officer of Edelweiss Tokio Life Insurance.
He is a seasoned professional who brings 2.5 decades of experience in managing operations, technology, and customer experience strategy for businesses across sectors. At Edelweiss Tokio Life, he leads and executes the company’s Operations, Technology and Business Excellence efforts to elevate scalability, agility, and cost efficiencies within the business. Under his functional stewardship, the company aspires to build operational resilience and sustainability to weather through business cycles and any unprecedented events.
In his previous experience, Kayzad has played an instrumental role in defining the Operations and Customer Experience strategy for organizations like Bajaj Allianz Life Insurance, ICICI Prudential Life Insurance, and Avantha Ergo Life Insurance. He has also been associated with Bharti Airtel, Idea Cellular, Taj Hotels and more in the past.
^- Regular Online plan for 10 years based on cost and portfolio performance factor -https://www.crisil.com/en/home/what-we-do/financial-products/crisil-ulip-ranking.html
**- Claim statistics are for Financial Year 2021-22 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website.
*7- As per Outlook Money Awards 2016
*8- https://www.morningstar.in/tools/insurance-fund-star-ratings.aspx
Awards :
*1 - Insurance Alerts 2020 - Festival Of Insurance Awards 2020 on Sahara Samay Hindi News Channel on 27th December, 2020 - YouTube
*2- 25th BFSI Tech innovation forum organised by Alden Global & NASSCOM- COE- https://www.linkedin.com/posts/alden-global-value-advisors-pvt-ltd_httpsthealdenglobalcominflection-conference-awards-activity-6749238443659935744-ET_m
^¹ - Festival Of Insurance Awards 2020 on Sahara Samay Hindi News Channel on 27th December, 2020 - YouTube. For CSR Activity and Digital Sales Channel (Insurance Alerts Excellence Awards 2020)
^² - https://cloud-user-recordings-ffmpeg-converted-prod.s3-ap-south-1.amazonaws.com/recordings/ccd117b0-be48-11eb-9782-b590083730e8/3b7e25a3-b9b4-47b0-9f68-70eeb8062d60/ccd117b0-be48-11eb-9782-b590083730e8_0001_474830a2.mp4
^³ - https://thealdenglobal.com/inflection-conference-awards/
ARN No : WP/2765/Aug/2022